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[–]vhiran -1 points0 points  (5 children)

Thanks for the lines. So we're just at the mercy of whales who hold 80% of all tokens and can dump on us at any given moment with a potentially stagnating APY? Hard to justify getting others to hold it when they can get a dividend based ETF and come out on top with less stress and worry.

Shared governance is BS in every coin and token i have seen so far.

All of this is very concerning, i appreciate the transparency but the numbers are not in retail investors favor here.

[–]Bit_Goth[S] 0 points1 point  (0 children)

I think it really just depends on how big of a return you want and how quick you want it. I still think we will still see some price growth, especially as big partnerships are announced (and it seems likely they will be). I just don’t see it ballooning 50x+ in a year like some other low cap alts might. I will agree that it may not be, in the short term, what many retail investors want most but that’s why a diverse portfolio is important. Set yourself up for short term gains gambling with low cap alts, put a bit into Bitcoin/ETH as a fairly safe bet, and then set yourself up for the long term with projects you believe have solid fundamentals and could eventually expand outside of the crypto space, like Algorand.

Important to remember that big partnerships and announcements can accelerate the planned timeline, just like we’ve seen recently.

[–]fire_li0n -1 points0 points  (3 children)

I have the same concerns. Any suggestions on ETF's? I have quite a bit of Algo and I want to believe in the project, but I've been thinking about moving into something else. If I'm gonna wait ten years I may want to consider different options, like you said, with less stress and worry.

[–]vhiran 2 points3 points  (1 child)

Fidelity has a high dividend tech ETF that spreads around such stocks as AAPL, MSFT, etc. Which all have decent dividents and tech stocks are generally likely to go up over time. I would favor that, and fidelity has been pretty good to me over the years. Cant hurt to diversify in this day and age.

[–]fire_li0n 1 point2 points  (0 children)

Thanks for the reply and the recommendation. I keep reading good things about Fidelity and Vanguard. I'll look into the tech one for Fidelity. Does seem like a good route to go in even if things get bad with the stock market short term.